Import prices decline in June
July 11, 2002
The U.S. Import Price Index decreased 0.6 percent in June. The decline was attributable to a turnaround in prices for imported petroleum, which were down 6.6 percent in June.
The drop in the price index for imported petroleum was the first decline in this component since December 2001; during the first five months of 2002, the index had jumped 47.1 percent. For the 12 months ended in June, however, petroleum prices were down 7.9 percent.
The June increase in the price index for nonpetroleum imports was the third rise over the past four months. For the year ended in June, however, the index was down 2.6 percent.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - June 2002," (PDF) (TXT) news release USDL 02-385. Note: import price data are subject to revision in each of the three months after original publication.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices decline in June on the Internet at https://www.bls.gov/opub/ted/2002/jul/wk2/art04.htm (visited October 22, 2020).
Recent editions of Spotlight on Statistics
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.